ESR IR 2021 - EN

74 STEP FORWARD Notes to Condensed Consolidated Financial Information 30 June 2021 20. COMMITMENTS (a) Operating lease commitments As lessor The Group leases out its completed investment properties under operating lease arrangements on terms ranging from one to ten years and with an option for renewal after the expiry dates, at which time all terms will be renegotiated. At 30 June 2021 and 31 December 2020, the Group had total future minimum lease receivable under non- cancellable operating leases with its tenants falling due as stated in note 13. (b) Capital commitments 30 June 31 December 2021 2020 (Unaudited) (Audited) US$’000 US$’000 Contracted, but not provided for investment properties 374,396 315,442 Undrawn capital calls to real estate investment funds 1,023,235 1,037,489 1,397,631 1,352,931 21. RELATED PARTY TRANSACTIONS In addition to the transactions and balances detailed elsewhere in the financial information, the Group had the following material transactions with related parties during the six months ended 30 June 2021 and 2020: (a) Transactions with related parties: For the six months ended 30 June 2021 2020 (Unaudited) (Unaudited) US$’000 US$’000 Associates: – Management fee income (note (i)) 23,270 7,509 Joint ventures: – Management fees income (note (i)) 37,371 16,986 – Repayment from/(Advances to) joint ventures (note (ii)) 3,924 (21) – Repayment to joint ventures (note (ii)) (890) – – Prepayment from a joint venture relating to an asset held for sale – 10,051 – Repayment from a joint venture – 59,485 – Construction revenue – 24,678 – Investments in debentures issued by joint ventures (note (iii)) 9,659 – – Interest income on investment in debentures (note (iii)) 789 – Directors: – Loan to Directors (note 21 (d)) – 9,200 – Interest receivables from Directors (note 21 (d)) 248 142

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